PricewaterhouseCooper’s gaming report showed that South Africa’s gross gambling revenue is expected to grow by 5.1 percent by 2021.
From R27 billlion (US$1.89 billion) in 2016, the auditing firm said in its sixth annual edition of the Gambling Outlook for South Africa that they are expecting South Africa’s GGR to jump to R35 billion ($2.45 billion) over the next five years with casinos fueling the growth.
Gambling taxes and levies are projected to rise by 5.2 percent to R3.5 billion ($245.2 million) by 2021. Last year, gambling taxes and levies were up 4.9 percent to R2.7 billion ($189.1 million).
According to the report, the casino sector is the largest contributor to gambling taxes at R1.8 billion (126.1 million) followed by the betting segment at R430 million. There are more than 10,000 people directly working in the country’s gaming industry.